On June 18, 2020, FS KKR Capital Corp II (Symbol: FSKR) was listed on the New York Stock Exchange (NYSE) and has dramatically declined since...and the stock going public was preceded by a 4:1 reverse split that cut the share holdings of investors in the Non-traded Business Development Companies (BDCs) FS Investment Corporation II, FS Investment Corporation III, FS I
Lack of Suitability
Representing Investors Nationwide
A record $74 billion flowed into taxable bond funds in May and was the primary force behind the second straight month of positive flows into mutual funds and exchange-traded funds. According to Morningstar, long-term mutual funds and ETFs, which excludes money market funds, experienced $33 billion in net inflows last month, in stark contrast to March’s record $326 billion in net outflows. The reduced market volatility in May also reduced flows into money market funds. But money market funds have still taken in $1.1 trillion so far this year.
It's times like this when you find out if your advisor has properly invested your money and that your account is being managed consistent with your stated goals and objectives. Please contact us if you would like a complimentary case evaluation. Thank you!
The Financial Industry Regulatory Authority (FINRA) has ordered Oppenheimer & Co. Inc. to pay more than $3.8 million in restitution to customers who incurred “potentially excessive sales charges” caused by early rollovers of unit investment trusts (UITs). The securities regulator also fined the firm $800,000 for failing to reasonably supervise the early UIT rollovers.
UBS Financial Services, Santander Securities, Popular Securities and Oriental Financial Services are financial services companies that enjoy a strong presence in major markets throughout the world. These firms allegedly encouraged clients to take concentrated positions in Puerto Rican bonds closed-end municipal bond funds.
Your stock broker has a duty to understand your unique needs. In his every decision regarding your portfolio, your best interests should be kept in mind, including things such as tax considerations, long-term goals, and acceptable risks. When a st
There is more and more evidence surfacing that leveraged and inverse ETF’s are finding there way into the portfolios of mainstream America. The problem is most experts believe such products are only suitable for about 1% of all individ